In 1985, alice paid $20,000 for an option to purchase ten acres of land. by paying the $20,000, she bought the right to buy the land for $100,000 in 1992. when she acquired the option in 1985, the land was worth $120,000. in 1992, it is worth $110,000. should alice exercise the option and pay $100,000 for the land? a) yes. b) no. c) it depends on what the rate of inflation was between 1985 and 1992. d) it depends on what the rate of interest was.
Answers: 2
Business, 22.06.2019 02:20
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Business, 22.06.2019 08:00
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Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9
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Business, 22.06.2019 12:20
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In 1985, alice paid $20,000 for an option to purchase ten acres of land. by paying the $20,000, she...
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